When establishing criteria to measure the success of a business,managers should:
A) limit their attention to financial measures such as profit and return on investment since these are the only objective and quantifiable measures available.
B) focus most of their attention on measures of employee satisfaction,since without good employees the firm will not be competitive.
C) focus primarily on financial measures,but pay some attention to nonfinancial concerns.
D) recognize that,while financial measures are important and should be considered,the purpose of the firm is to satisfy both internal and external customers.
Correct Answer:
Verified
Q228: The weakest link in the control process
Q229: What are the qualities for a successful
Q230: Which of the following often form the
Q234: The first step in developing a knowledge
Q235: Ralph Bowley is a first-line manager for
Q237: _ are units within an organization that
Q238: As firms make greater use of empowerment,managers
Q241: Which of the following statements about leadership
Q250: In order for standards to be useful
Q256: The first step in controlling consists of
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents